Space ID Surges on Upbit as Volume Spikes and Greed Index Peaks

Space ID (ID) drew outsized attention in South Korea’s retail-driven market on Sunday ET, climbing sharply as trading activity surged and the token topped Upbit’s ‘fear and greed’ rankings—an indicator often used to gauge short-term sentiment and momentum.

In Upbit’s KRW market, Space ID changed hands around 64.2 won, up 7.90% from the prior session. The token traded between an intraday low of 57.3 won and a high of 67.2 won, while 24-hour turnover reached roughly 209.4 billion won (about $152 million), placing it among the day’s most actively traded assets on the exchange.

On the daily chart, ID opened near 59.5 won and extended gains to 67.2 won before giving back part of the move. Even with the pullback, the token maintained a higher close, signaling that dip-buying remained intact. Upbit data also flagged an abnormal volume spike, with trading running more than 300% above the three-day average—an acceleration typically associated with aggressive short-term positioning and heightened speculative interest.

Sentiment metrics echoed that risk-on positioning. Space ID posted a ‘fear and greed’ score of 97, landing at the very top of the ‘extreme greed’ zone. Other high-ranking tokens included Stellar (XLM) at 95 and Pundi X (PUNDIX) at 92, alongside Worldcoin (WLD) and Injective (INJ). In contrast, the lower end of the sentiment table highlighted pockets of caution: Drift (DRIFT) scored 14, Pendle (PENDLE) 18, Chiliz (CHZ) 27, Maple Finance’s SYRUP (SYRUP) 28, and Bitcoin Cash (BCH) 29—underscoring how trader conviction is diverging sharply across majors and mid-caps.

Space ID is positioned as a Web3 digital identity infrastructure project, offering a naming-service-style product that lets users link blockchain addresses to human-readable names. That narrative has often benefited from bursts of interest whenever traders rotate into identity, infrastructure, or broader ‘Web3 utility’ themes, though the day’s move appeared driven more by flow and liquidity than by any cited protocol update.

Among Upbit’s most traded names, Stellar traded around 357 won, up 4.69%, on roughly 303.0 billion won in turnover. Space ID followed with about 209.3 billion won traded and an 8% daily gain. Ripple (XRP) hovered near 1,988 won, up 0.10%, while Worldcoin was flat around 511 won. VeThor Token (VTHO) bucked the trend, slipping 4.52% to about 0.802 won.

With volume expanding rapidly and sentiment readings pinned in ‘very greedy’ territory, Space ID’s rally stands out as a clear example of how quickly attention can concentrate in a single altcoin during risk-on sessions—often amplifying volatility as traders chase momentum and then reassess positioning.